Wiretap: Global debt is a $10 trillion fiasco

Economic disaster

Global debt is not just about Greece and Puerto Rico. It’s a $10 trillion problem, writes The New York Times, that also affects such economies as Brazil, Turkey, Italy and even China, which has seen its stock market fall 22 percent from its peak.

Cutting ties

Krugman writes that if it comes to it, Greece should vote “no” on more austerity even if it means having to leave the euro behind. Via The New York Times.

House of cards

Puerto Rico’s problem is not just its debt that it may not be able to pay off. It is its failing economy which has been papered over with the debt it may not be able to pay off. Via The Atlantic.

Unexpected rise

Byron York comes back from the Western Conservative Summit to explain why Ben Carson is rising in the polls: His argument as a never-been-politician that anyone is more qualified to be president than the actual politicians. Via The Washington Examiner.

Roberts rules

The Roberts Court is slowly rebuilding its reputation. All it took was a string of history-making rulings, starting, of course, with the rulings on Obamacare and same-sex marriage. Via The New Yorker.

Agree to disagree

Michael Gerson writes in The Washington Post how gay rights and religious rights can co-exist. It’s easier than you think.

Supreme power

The Court isn’t done quite yet: In a 5-4 ruling, it temporarily blocks Texas’s restrictive abortion law. Via The Washington Post.

Back draft

Black churches are burning and some people are asking whether the arsons – as some have been ruled – could be a backlash following Charleston. Via The Daily Beast.

Counting sides

History says you should never count either Democrats or Republicans out. (See: McGovern, George; Goldwater, Barry.) And yet, writes Richard Cohen in the Washington Post, it is tempting to do just that to today’s Republicans. Via The Washington Post.

 

Photo credit: Tax Credits, Creative Commons, Flickr.

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